Manganese batteries market may face deficit in 2024
The high-purity manganese market may face a deficit as early as 2024, according to people in the industry. An essential component of the steel-making process, manganese has played an increasing…
Asia
Precious metals outlook: CPM Group sees sharp rise for gold — but not until 2024
There are several key elements to having a rational view of likely price movements in precious metals in 2023. The first is accurately understanding what has happened in these markets…
Chinese trucker aims to have 700 hydrogen fuel cell vehicles by end of 2023
Expanding the use of clean hydrogen in the transportation sector is a challenge China’s MingZhu Logistics Holdings (NASDAQ-CM: YGMZ) and its partners are tackling head on. MingZhu, which has a…
Rio Tinto secures direct ownership of Oyu Tolgoi
Rio Tinto (NYSE: RIO; LON: RIO; ASX: RIO) is now the majority owner of the giant Oyu Tolgoi copper-gold mine in Mongolia, as it has completed its US$3.3 billion buyout…
Analysts forecast a mixed bag for commodities amid global 2023 slowdown
Given the tumultuous past two years that saw global markets ebb and flow to extreme degrees, it’s perhaps no surprise that the only thing that’s certain about the 2023 outlook…
Barrick Gold to go ahead with US$7B Reko Diq project
Barrick Gold (TSX: ABX; NYSE: GOLD) is going ahead with construction of its Reko Diq copper and gold project in Pakistan after the country’s top court cleared the path for…
ESG and mining debate: cultish activism vs. modern business sense
Are environmental, social and governance (ESG) guidelines the bible of a shadowy priesthood of consultants, or are they just good for business? Those two sides took shape during an online…
Global miners’ ESG strategies show ‘concerning’ lack of focus on gender
The mining industry shows a lack of focus on gender and diversity in their environmental, social and governance strategies, a recent report by Stratum International and Digbee has found. Based…
New Sustainable Critical Minerals Alliance to push ‘nature-positive’ mining
Canada has joined the launch of the new Sustainable Critical Minerals Alliance that seeks to pursue environmentally-sound and responsible mining, Natural Resources Minister Jonathan Wilkinson announced Monday.Speaking at the United…
Pakistan closer to letting Barrick Gold proceed with US$7B project
Pakistan’s Supreme Court endorsed on Friday a settlement between the country’s government and Barrick Gold (TSX: ABX; NYSE: GOLD), which allows the Canadian miner to resume work at its Reko Diq…
World Gold Council sees positive 2023 outlook for gold amidst global uncertainty
Despite an “unusually high level of uncertainty” surrounding consensus expectations for 2023, on balance, a “mixed set of influences implies a stable but positive performance for gold,” the World Gold…
Fate of Barrick’s US$7B project in Pakistan to be decided next week
Barrick Gold (NYSE: GOLD; TSX: ABX) will hear next week whether it can proceed with its US$7-billion Reko Diq copper-gold project in Pakistan, close to the borders of Iran and…